L&T Finance Ltd

L&T Finance Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

L&T Finance Ltd

₹ 269 -0.87%
16 Oct - close price
ltfs.com BSE: 533519 NSE: LTF
About

L&T Finance Ltd. is a NBFC, offering a range of financial products and services. [1]
Company has filed requisite application for necessary registration as Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC)[2]

Key Points

Retail Products: [1]
1) Urban Finance (56% AUM)
a) 2W Finance: It offers 2-Wheelers financing with an average ticket size of Rs 1 lakh through 137 locations across India. It disbursed loans amounting to Rs. 9,285 Cr in FY25.[2]

Website BSE NSE
  • Market Cap ₹ 67,329 Cr.
  • Current Price ₹ 269
  • High / Low ₹ 274 / 129
  • Stock P/E 25.0
  • Book Value ₹ 105
  • Dividend Yield 1.02 %
  • ROCE 8.71 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 27.8%

Cons

  • Stock is trading at 2.55 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.46% over past five years.
  • Company has a low return on equity of 7.23% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

Part of BSE 500 Nifty 500 BSE MidCap Nifty Midcap 100 Nifty 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3,138 3,432 3,243 3,223 3,214 3,534 3,670 3,784 4,019 4,098 4,023 4,260 4,336
1,236 1,356 1,309 1,270 1,331 1,375 1,619 1,482 1,575 1,676 1,581 1,640 1,662
Operating Profit 1,902 2,076 1,934 1,953 1,882 2,159 2,051 2,302 2,444 2,422 2,442 2,620 2,674
OPM % 61% 60% 60% 61% 59% 61% 56% 61% 61% 59% 61% 62% 62%
165 -448 202 153 268 47 6 0 5 8 4 0 0
Interest 1,438 1,501 1,445 1,364 1,325 1,353 1,335 1,351 1,476 1,569 1,600 1,636 1,634
Depreciation 27 28 29 30 28 29 28 28 33 36 41 41 51
Profit before tax 601 99 662 714 797 824 694 922 940 824 806 943 989
Tax % 32% -356% 37% 26% 25% 22% 20% 26% 26% 24% 21% 26% 26%
406 453 417 531 594 639 553 685 697 626 636 701 735
EPS in Rs 1.64 1.83 2.02 2.14 2.40 2.57 2.23 2.75 2.79 2.51 2.55 2.81 2.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
5,221 6,456 7,440 8,532 10,215 13,365 14,104 13,353 11,930 12,775 14,252 15,924 16,716
1,230 1,625 1,979 2,776 3,308 3,377 4,160 5,401 5,233 7,938 6,195 6,304 6,558
Operating Profit 3,991 4,831 5,461 5,756 6,907 9,988 9,944 7,952 6,697 4,837 8,057 9,621 10,157
OPM % 76% 75% 73% 67% 68% 75% 70% 60% 56% 38% 57% 60% 61%
-5 16 8 26 49 -4 370 836 594 2,795 474 16 12
Interest 3,081 3,577 4,133 4,635 5,458 6,882 7,552 7,230 5,765 5,812 5,387 6,007 6,439
Depreciation 80 96 83 67 52 50 82 86 103 111 115 139 169
Profit before tax 825 1,175 1,253 1,079 1,446 3,052 2,680 1,472 1,423 1,709 3,029 3,491 3,562
Tax % 28% 28% 32% 3% 12% 27% 37% 36% 26% 10% 24% 24%
595 855 857 1,048 1,278 2,232 1,700 949 1,049 1,536 2,317 2,643 2,697
EPS in Rs 2.82 4.04 3.97 4.83 5.11 9.06 6.90 3.93 4.33 6.55 9.32 10.60 10.81
Dividend Payout % 22% 16% 16% 13% 16% 9% 11% 0% 12% 31% 27% 26%
Compounded Sales Growth
10 Years: 9%
5 Years: 2%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: 13%
5 Years: 9%
3 Years: 45%
TTM: 5%
Stock Price CAGR
10 Years: 15%
5 Years: 36%
3 Years: 50%
1 Year: 62%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 7%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 1,718 1,720 1,753 1,756 1,996 1,999 2,005 2,469 2,474 2,480 2,489 2,495 2,500
Reserves 4,107 4,656 5,442 6,138 9,411 11,450 12,688 16,304 17,474 19,049 20,950 23,069 23,858
36,854 43,454 52,829 61,024 75,248 91,507 93,934 88,592 85,237 83,105 76,603 92,372 97,970
2,182 2,912 3,775 3,593 1,117 1,094 902 1,582 1,696 1,706 2,652 2,447 2,904
Total Liabilities 44,861 52,742 63,799 72,511 87,772 106,050 109,529 108,947 106,880 106,339 102,694 120,384 127,232
1,228 1,184 1,313 1,230 1,151 1,127 1,100 1,138 509 553 519 641 1,113
CWIP 140 174 22 28 19 39 62 24 22 5 36 45 0
Investments 2,730 2,649 3,563 6,012 5,301 8,641 5,979 8,872 11,917 14,366 12,385 11,876 11,389
40,763 48,736 58,901 65,242 81,301 96,243 102,387 98,912 94,433 91,415 89,754 107,822 114,730
Total Assets 44,861 52,742 63,799 72,511 87,772 106,050 109,529 108,947 106,880 106,339 102,694 120,384 127,232

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-6,083 -6,474 -9,213 -5,779 -15,640 -11,643 2,162 5,464 6,078 6,718 686 -16,586
-1,032 2 -675 -2,118 1,549 -3,587 160 -2,025 -5,087 -862 849 471
7,602 6,552 9,426 7,952 14,678 16,008 1,451 -2,091 -3,023 -1,664 -7,050 15,419
Net Cash Flow 487 81 -461 55 587 777 3,772 1,349 -2,032 4,193 -5,515 -697

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 2 1 1 3 5 3 2 1 0 0 6 3
Inventory Days
Days Payable
Cash Conversion Cycle 2 1 1 3 5 3 2 1 0 0 6 3
Working Capital Days -175 -129 -196 -233 -914 -803 -110 13 32 2 -17 -21
ROCE % 10% 10% 10% 9% 9% 10% 10% 8% 7% 5% 8% 9%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
66.15% 66.11% 66.10% 66.02% 65.90% 65.86% 66.37% 66.29% 66.25% 66.24% 66.16% 66.10%
11.24% 11.35% 13.90% 12.11% 10.67% 11.04% 7.34% 6.73% 5.30% 5.48% 6.19% 6.40%
6.05% 6.58% 5.29% 7.02% 9.07% 8.69% 11.64% 12.33% 12.17% 13.28% 14.10% 14.33%
16.56% 15.96% 14.73% 14.85% 14.36% 14.39% 14.66% 14.66% 16.27% 15.01% 13.55% 13.15%
No. of Shareholders 7,07,0707,08,2376,63,7696,95,0236,87,7217,11,5557,39,1807,87,2918,76,8418,46,6827,92,3747,77,432

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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